Question
The Reserve Bank of India (RBI) has aligned
provisioning norms for standard assets of large non-banking financial companies with that for commercial banks. The new norms on standard asset provisioning will come into effect from ___________.Solution
The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-banking financial companies with that for commercial banks. The new norms on standard asset provisioning will come into effect from October 1. The RBI has issued the rules on standard asset provisioning as part of the framework for scale-based regulation for NBFCs.
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